Reported about 6 hours ago
SoftBank Group Corp. reported a significant loss in the December quarter, largely due to declining public holdings in the Vision Fund, just as CEO Masayoshi Son aims to raise $500 billion for the Stargate artificial intelligence project. Despite recent financial setbacks and challenges from low-cost Chinese AI models, SoftBank plans to finance this ambitious AI infrastructure initiative in the U.S. through innovative debt products while maintaining a firm balance sheet. The Vision Fund, still grappling with its own volatility, has invested heavily in AI technologies and partnered with key players, including OpenAI.
Source: YAHOO